The next step in the process is to conduct a phase-out meeting with all stakeholders to finalize the decision on which supplier will be awarded the business. This meeting allows the project team to review the proposals, discuss any final concerns, and make a collaborative decision based on the success criteria established at the initial project meeting. It ensures that all aspects, including performance, cost savings, and any potential risks, are considered before awarding the contract to the selected supplier. References:
* Project Management: A Systems Approach to Planning, Scheduling, and Controlling by Harold Kerzner.
* Strategic Supply Management: Principles, Theories and Practice by Paul Cousins, Richard Lamming, Benn Lawson, and Brian Squire.